[NEW YORK] Electronics maker HP Inc on Thursday said it expected to cut 3,000 to 4,000 jobs over the next three years as part of a restructuring plan adopted earlier this week.
The plan should generate gross annual savings of US$200 to US$300 million beginning in 2020 but will also result in US$350 to US$500 million in charges, including costs from shrinking its workforce, the company said in a securities filing.
Formerly known as Hewlett-Packard, the computer and printer maker HP Inc was formed after last year’s spinoff of the cloud computing and software business Hewlett-Packard Enterprise.
“I’m proud of the progress we have made in our first year as the new HP. Our focus is clear, our execution is solid…
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